‘Ugly times’ are pushing history annuity gross sales. This is what you will need to know ahead of you buy

Critical Details

Customers are on pace to obtain almost $300 billion of annuities in 2022, which would handily conquer the prior history, set in the course of the money disaster of 2008, in accordance to Limra, an insurance industry group.
They’re mostly buying annuities that defend from volatility in stocks and bonds amid broader considerations about economic downturn and the U.S. economy.
Monetary advisors typically counsel shoppers to use annuities as a certain income resource in retirement.

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